DealMakers AFRICA
Outsourcia, a Moroccan customer experience and business process outsourcing provider, has acquired PhoneAct. The Tunisian contact centre acquisition furthers Outsourcia’s international growth strategy and presence in Morocco, France, Madagascar and Niger.
Private equity firm Gulf Capital has successfully exited its investment in CHO, Tunisia’s fully integrated producer and global exporter of olive oil.
valU, the Egypt-based fintech, has acquired a minority stake in Kiwe, a social payment app. Financial details were undisclosed.
Egypt Education Platform (EEP), backed by the Sovereign Fund of Egypt and EFG Hermes, is to acquire a majority stake in Selah El Telmeez, a prime education content developer in Egypt.
Sun King, a major player in the East African solar energy solutions space has acquired Lome-based Soleva, an operator and distributor of off-grid solutions. Financial details were undisclosed.
Cameroonian non-profit organisation Health and Development in Action (HEDA) has acquired Metabiota, a US-based organisation focused on global health and mitigation of pandemic risks.
Kasada, a real estate private equity platform focused on hospitality in sub-Saharan Africa, has acquired The Lamantin Beach Resort & Spa located in Saly, Senegal. Financial details were not disclosed.
MaxAB, the B2B e-commerce platform connecting food and grocery retailers to suppliers across Egypt and Morocco, has closed a pre-series B equity round. The funds, raised from new investors Silver Lake, British International Investment and DisruptAD together with participation from exiting investors such as Beco Capital, 4DX Ventures among others, will be used to scale its expansion across the MENAP region.
Nexta, an Egyptian startup, has raised US$3 million from eFinance Group, the state-owned provider of digital payment solutions. Nexta will use the funds to launch its lifestyle banking app.
Nigerian business management app, Bumpa, has secured US$4 million in seed funding to scale is product offering and enter new markets. Bumpa assists merchants to move their businesses online. The round was led by Base10 Partners with participation from Plug & Play Ventures, SHL Capital and DFS Lab among others.
Saas startup Glamera has secured US$1,3 million in a seed funding round led by Riyadh Angels Investors with participation from Techstars Accelerator, 100 Venture and Silicon Valley’s Lucrative Ventures among others. The Egyptian platform which provides services to beauty and lifestyle services providers will use the funds to expand geographically.
Maplerad, a Nigerian fintech startup, has raised US$6 million in seed funding. The round was led by Valar Ventures with participation from, among others, Golden Palm Investments, Armyn Capital, Dunbar Capital and MyAsiaVC. Funds will be used to expand it footprint across the continent.
Mass e-commerce startup Kenzz which provides online shopping to the mass market in Egypt and MENA, has completed a US$3,5 million seed round led by Outliers Venture Capital, HOF Capital, Foundation Ventures and Samurai Incubate. The funds will be used to grow product categories, invest in technology and launch a new app.
Sghartoon, a Tunisian startup that has developed technology that can identify the signs of learning disabilities in children, has raised US$150,000 from the Oman Investment Fund.
Trella, an Egyptian B2B trucking platform, has secured US$6 million in debt financing from ALMA Sustainable Finance and US International Development Finance Corporation (DFC). The capital will be used to extend into high-growth digital businesses such as financing in lower-middle income countries such as Pakistan and Egypt.
DealMakers AFRICA is the Continent’s M&A publication
www.dealmakersafrica.com
